topic Re: GA Senior Exclusion in State tax filing

GA Senior Exclusion

upsraghu — Thu, 09 Apr 2026 22:59:28 GMT

Turbotax limits the distribution of income between joint filers to Cap Gains and Losses. GA allows dividends, interest and pension to be included in the total income before apportion. I ignored the allocation error and turbotax did not detect it as an error

Re: GA Senior Exclusion

BillM223 — Fri, 10 Apr 2026 18:35:39 GMT

Are you referring to the Georgia Retirement Income Exclusion?

Generally, when you enter dividends, interest, and pension, you indicate on the federal return which taxpayer the item belonged to, so there is no need to ask to which taxpayer these items belonged. Some capital gains may not be so easily identified.

Or are you asking something else?

Re: GA Senior Exclusion

upsraghu — Sat, 11 Apr 2026 16:35:22 GMT

GA exemption for over 65 is 65000 and between 62 and 65 years is 35000.

Yes I allocated the capital gains, Interest and dividends among the joint filers. I was asked the question to do it again in the GA tax. It should have reduced it by the max but for some reason it did not. Seemed to be it did not include the interest and dividends. When i forced the entry and ignored the error, it totaled 100K for both filers

Re: GA Senior Exclusion

upsraghu — Sat, 11 Apr 2026 16:59:09 GMT

Also there is a difference of $145 between the cap gains in my Fed Return and GA Return (displays amt less 145)